PCE expectations: Pantheon Macroeconomics estimate the core PCE deflator rose by 0.26% in March, lifting inflation rate to 3.1% from 2.9% in February
Pantheon Macroeconomics' provisional estimate indicates a rise in the core PCE deflator by 0.26%, pushing the inflation rate up to 3.1%.
Russia's Baltic and Black Sea ports reportedly loaded an average of 2mln BPD of crude oil in the first week of April, up from 1.9mln BPD in March
Julius Baer (BAER SW) has commenced a search to replace its CFO, Reuters reports citing sources
PCE expectations: Pantheon Macroeconomics estimate the core PCE deflator rose by 0.26% in March, lifting inflation rate to 3.1% from 2.9% in February
Analyst US PCE Expectations after CPI: Pantheon see core PCE at 0.26% M/M and 3.1% Y/Y in March
Ukraine rolled steel exports totalled 908k metric tons (-9.7% Y/Y); output -6.6% Y/Y
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- Pantheon Macroeconomics: "Provisionally estimate the core PCE deflator rose by 0.26% in March, lifting the inflation rate to 3.1%, from 2.9% in February. Our estimate, however, is liable to change as around one-third of the components of the deflator are derived from non-CPI data."
This shift may signal a more persistent inflation trend, complicating the Federal Reserve's stance on rate policy, particularly if confirmed by actual data. Traders should be cautious, as a significant portion of this estimate may be subject to revision, which could affect market expectations in the near term.
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